Analyst Predicts Bitcoin Will Lead the Next Crypto Rally

An analyst with a growing following for accurate Bitcoin predictions believes that BTC is poised to lead the next wave of crypto rallies.

Bitcoin’s Potential for Upside Movement

The pseudonymous analyst, known as Credible, shared with his 467,100 followers on X that Bitcoin’s capital flows suggest a forthcoming surge in value.

Credible pointed out that BTC demand seems to be facing selling pressure above $90,000, but its cumulative volume delta (CVD) indicates a cooling off period. This order flow tool tracks the difference between market buy and sell orders.

“Bitcoin is looking really healthy here. With a strong move up and a CVD full reset, it shows signs of significant seller absorption. Funding is currently negative/neutral, making long positions favorable,” Credible stated.

Altcoins Likely to Follow Bitcoin’s Lead

Credible also mentioned that while Bitcoin appears bullish, most altcoins may lag behind until BTC makes a significant move. He anticipates that altcoins will start gaining momentum once Bitcoin reaches a new all-time high.

“If Bitcoin leads the next rally and breaks out to the upside, we could see a scenario where BTC rallies first before altcoins catch up. This could result in BTC hitting $125,000-$135,000 before altcoins like CRV start their upward trend,” Credible explained.

As of now, Bitcoin is trading at $94,182.

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